The U.S. rig count recorded another week of losses after drillers dropped four rigs.

According to Baker Hughes, the number of rigs drilling for oil and gas in the United States fell by four to 838 rigs as of September 25, down from 1,931 rigs operating during the same time last year.

Oil drillers dropped four rigs last week, dragging the oil rig count down to 640 compared to 1,592 rigs last year.

The gas rig count ticked down to 197 rigs after losing one rig while the directional drill count jumped by three to 86 rigs.

The horizontal drill count posted a huge 11 rig slide and fell to 629 rigs, or just under half of the 1,347 horizontal rigs drilling last year.

The vertical rig count rose to 123 after adding four rigs last week.

Rig counts in Alaska, California, Colorado, Kansas, Louisiana, Ohio, Pennsylvania, Utah, West Virginia and Wyoming held steady from last week.

New Mexico added one rig last week.

Arkansas, North Dakota and Oklahoma lost one rig each while Texas dropped two rigs despite booking a three rig loss at the Permian Basin and Eagle Ford Basin.

The Haynesville Basin also booked a three rig drop while the Williston Basin, home of the Bakken shale play, lost one rig.

Canada saw its rig count drop to 176 after losing four oil rigs and two gas rigs.

The rig count in the Gulf of Mexico rose to 31 after a two rig gain.


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